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Ireland recoups 161 million euros from AIB share sales

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Reuters UK

DUBLIN (Reuters) – The Irish government has raised 161 million euro through the sale of shares in Allied Irish Banks (AIB) over the last six months, cutting its stake to 68% from 71%, the finance department said on Friday. The government extended the sale of its shares in the country’s largest mortgage lender after selling a first chunk at an average price of 2.32 euros. AIB shares closed at 2.43 euros on Thursday. “When I announced the launch of the share trading plan, I said that the state’s exit from its investment in AIB would be a multi-year journey,” Finance Minister Pashcal Donohoe said…

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